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What are the ‘project’ eligibility requirements?

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To be eligible for benefits under this program, the project must:

  • Be located on the island of St. Croix, the island of St. Thomas or the island of St. John
  • 80% of all persons employed shall be residents of the U.S. Virgin Islands, provided that after the third year of operation, at least 20% of management, supervisory and/or technical positions must be filled by residents of the U.S. Virgin Islands, unless granted a waiver by the Commission
  • Obtain all of the applicable licenses or permits, permanent, temporary or otherwise as required by Title 27 of the V.I.C. and shall maintain during the term of the contract such licenses or permits
  • Comply with all applicable laws, rules, ordinances and regulations
  • Such other requirements as the VIEDA may require in conformity with the Hotel Development and Finance Program